All of the Following Were Portuguese Except ______________

question 33

Multiple Choice

All of the following were Portuguese except ______________.

• A) Vasco de Gama
• B) Henry the Navigator
• C) Bartholomew Diaz
• D) Ferdinand Magellan
• E) Hernán Cortés

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Definitions:

Unemployment

Unemployment describes the situation where individuals who are willing and able to work are not currently employed.

Natural Rate

The long-term unemployment rate reflecting the number of people who are jobless due to the economic structure, without accelerating inflation.

Time Inconsistency

A situation in which a decision-maker's preferences change over time, such that what is preferred at one point in time is inconsistent with what will be preferred at a future point in time, leading to potentially suboptimal decisions.

Political Business Cycle

A theory that suggests that politicians manipulate the economy (typically through monetary policy) to achieve favorable outcomes (such as lower unemployment or higher growth) before elections to improve their chances of being re-elected.